Yurp. U.K. seriously overvalued around land and housing. Equal issue to US deficit spending

Was the silverware comment directed at me? If so, I don't get the reference 😬

Sorry Euro, it was, and don’t worry, I was just being a silly.

as far as I know land has always been over priced in the UK. I know for my whole life it has been

I was sure it was a joke, I just don't get it 🙄

there is that plot around the Angel that was 3/4 of an acre and it went for over £1 billion

Old joke: “Some people I can only take somewhere once before they are not welcome. Others o must take twice: The second time to apologise and return the silverware”

then there is all that redevelopment going into Canning Town. 4.6 billion and its still a shithole

@Lash-Games as an Arsenal fan, I would probably see value in that 😅

I think the land purchase of that was pushing 3/4 of a billion alone, and it can only be 1000x60 yards

@Nic Harvard 👍🏼

Went into canning with some friends from abroad.
One of the few areas in the U.K. that make my spider-sense prickle

I mean I saw 60 sqm apartments in London for well over 1m£

And that’s three weeks ago

Were you there when the Arla factory was still going? It has been shut down for 6 or more years at this stage and it still stinks lol

Yeah, the bubble is bursting any moment now.

Should have burst a decade ago. I’ll give it 5 more years

the bubble in London right now is caused almost 100% by the Chinese. There used to be a company a few doors down to me who were Chinese estate agents. All they did was market themselves in Chinese and they made a fucking fortune. These people would put a deposit down on multiple apartments (15k deposit each) and then not even take them. They simply wanted to "look around"

Washwood Heath in b’ham was another like that. Oddly, the most publicly maligned spots I wandered around in the small hours even and found ok

My apartment gained more than 1/3 of it's value in just over 5 years!

@Lash-Games Aren't the Russians a big part of that too?

This one girl in the office had personally made nearly 20k in commission from this single apartment in Fulham in the previous year. I cant imagine how much money the company itself made off that one apartment alone if she made that much off commission lol

Lash, it’s anyone with cash from a country with overvalued currency.
Russia, eastern EU, China all fit

The russians are but I havent interacted with them much if at all

The arabs are probably just as bad but I know I havent ran into them yet lol

@Lash-Games So you are not into coke and designer Parma then clearly;)

They tend to run into you, in London!

I'd take the coke and their money but they can have the rest rofl

Yes, I should have included the UAE and friends. But they keep to themselves, mostly, unless you attend high powered seminars, cocktail parties etc

or you go to Selfridges

Which I used to a fair amount on business

if you ever want a better example of how multicultrualism has damaged Britain. Just go to Selfridges, look at the beautiful building and everything it once stood for....then go inside and see the awful, tacky, low quality shit they sell now and see how many arabs wonder around it

I would dispute that, actually

That’s simply good capitalism

yes from that perspective its fine. But from the change in culture aspect it is awful

Package more important than contents to some, and if they have the purchase power, rock on

gold shoes for crap sake.

^^ But agreed.. is sad

not even wearable shoes. Just ugly, disgusting looking gold shoes

Can you hit someone with them?

I wouldnt want to lose any of the gold, so no rofl